Major · Search · AI Search
Google says AI Mode is driving search growth while monetizing at a lower rate
Google’s Q3 earnings call points to a widening gap between search activity and monetization. The company said AI Mode is driving additional, including commercial, queries and helped deliver 12% year-over-year Search growth to $63 billion, while acknowledging that AI Mode monetizes at a lower rate and that referrals to the wider web are declining.
Why it matters: Search marketers need to reassess assumptions about clicks, visibility, attribution and commercial intent: more queries may not translate into equivalent ad revenue or website referrals when interactions happen inside AI-led Search experiences.

